I personally like the rep system. It quickly lets me see who's posted solid information... or generally has posted more than everyone else. However, I don't think that it is used as it should. A post that answers a question, or gives a good insight, or makes a valid point deserves a positive rep.
I'm not exactly sure what makes for a bad rep... when someone posts nonsense, i suppose. I certainly don't think that it should be taken seriously... they're just dots
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